ING Direct 2009 Annual Report Download - page 93

amounts in millions of euros 2009 2009 2008 2008 2007 2007
Interest income banking operations 79,850 97,011 76,749
Interest expense banking operations – 67, 475 –85,969 – 67,773
Interest result banking operations 35 12,375 11,0 42 8,976
Gross premium income 36 30,492 43,812 46,818
Investment income 37 3,342 4,664 13,352
Net result on disposals of group companies 38 264 17 430
Gross commission income 6,790 7,50 4 7,693
Commission expense –2 ,177 –2,539 –2,866
Commission income 39 4,613 4,965 4,827
Valuation results on non-trading derivatives 40 –4,676 2,300 –561
Net trading income 41 1,125 –749 1,119
Share of profit from associates 6– 461 –404 740
Other income 42 691 644 885
Total income 47,765 66,291 76,586
Gross underwriting expenditure 43 50,440 18,831 51,818
Investment result for risk of policyholders –17,742 32,408 –1,079
Reinsurance recoveries –1,714 –1,754 –1,906
Underwriting expenditure 43 30,984 49,485 48,833
Addition to loan loss provisions 52,973 1,280 125
Intangible amortisation and other impairments 44 568 464 15
Staff expenses 45 7,338 8,764 8,261
Other interest expenses 46 716 978 1,102
Other operating expenses 47 6,711 6,807 7, 207
Total expenses 49,290 67,778 65,543
Result before tax –1,525 –1,487 11,0 43
Taxation 48 –472 –721 1,535
Net result (before minority interests) –1,053 –766 9,508
Attributable to:
Equityholders of the parent –935 –729 9,241
Minority interests –118 –37 267
–1,053 –766 9,508
amounts in euros 2009 2008 2007
Net result per ordinary share 49 –0.44 –0.36 4.32
Basic earnings per ordinary share 49 –0.57 –0.27 3.31
Diluted earnings per ordinary share 49 –0.57 –0.27 3.29
Dividend per ordinary share 50 0.00 0.74 1.48
References relate to the notes starting on page 177. These form an integral part of the consolidated annual accounts.
2.1 Consolidated annual accounts
ING Group Annual Report 2009 91
Consolidated profit and loss account of ING Group
for the years ended 31 December